Activision earnings beat target; forecast falls short
SAN FRANCISCO - Activision Blizzard Inc reported better-than-expected fourth-quarter income on strong sales of its "Call of Duty" titles during the holidays, helping drive its stock to a five-year high despite a middling first-quarter outlook.
The largest U.S. videogame publisher believes its coming action game "Destiny" will become the company's next billion-dollar franchise, Chief Executive Officer Bobby Kotick said in a statement. The game is expected to launch in September.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.